Hi bafan. I see the fundamentals here as strong, and growing stronger.
There's a fairly good summary of the cc, on StockHouse at
stockhouse.com
I listened to the CC, and came away more impressed than ever. In my career, I listened to heavy-duty bs on an almost daily basis. If these guys are bs-ing, they're really good at it. I believed what they were saying, and didn't sense they were hiding anything.
As I heard it, without including the LD acquisition,
they are projecting net revenues of $90 million
which would be a 55% increase.
Without the LD numbers, they project,
EBITDA of $17 million, a 70% increase.
and
EBITDA per share of $.74, a 40% increase.
I was glad to hear they've backed up the closing of the LD deal to March.
I was sorry to hear they're considering using Canadian financing. As I see it, the share price has been beaten down by the very houses who would benefit from a lower share price in a financing.
At these prices, and lower if we go there, I am definitely not selling. I may acquire more. |
